The financial news media, seeing gold rally to its highest level in months, explains the surge as safe-haven demand in a slowing global economic recovery. As my British friends say, "Bolllocks." Iím always amazed how uninformed financial reporters can be about the markets they cover. Many even seem to miss the news in their own publications!
The reason gold moved above the key $1,300 resistance level is the quickly fading U.S. dollar rally. Emerging-market fears drove the greenback higher for a few weeks, and now that fear is subsiding...............................................Full Article: Source